Trust Owned 
For Lease
1 / 20
$3,700/Mo
11920 Lime Kiln Rd, Fulton, MD 20759
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Property summary
AI-generated overview
This commercial property includes a lot of a little over 3 acres with ample parking. The building provides more than 2,300 square feet of interior space plus a spacious attic that can be used for storage or additional rooms. The main level is arranged with a reception area, offices, and a large open shop area. The building is equipped with central air conditioning, and the heating system is oil-fired with potential for conversion to a heat pump. Site services are supplied by a well and septic system. The property is zoned B1, which permits a range of neighborhood commercial uses such as a convenience store, pharmacy, daycare center, pet clinic or boarding facility, salon, or medical/dental office, with signage permitted. It is located in a high-traffic area adjacent to schools, shopping centers, and residential neighborhoods, and it has been historically used as a printing shop.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,340 SF
Lot
3.08 ac (134,165 SF)
Zoning code
B1
APN
05-359309
UPID
US40-1058644
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising Printing Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
since 2024
4 recorded transactions
Zoning & alternative use
B1 · Fulton, MD
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 18 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$126 / SF
Confidence
High
18 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,340 SF
Lot area
3.08 ac
Year built
1965
Stories
1
APN
05-359309
Zoning
B1
Assessed value
$539,600
Annual tax
$6,103
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$6,103
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$866k
Weighted, 18 comps · high confidence
Evidence
18 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.0 mi away · 2,944 SF
10.3 mi away · 1,902 SF
12.1 mi away · 1,998 SF
13.6 mi away · 2,272 SF
14.2 mi away · 2,252 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 177 sales
$168
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 18 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$234k
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$15k
$295k
$211k
$164k
$16k
$328k
$234k
$182k
$18k
$361k
$258k
$201k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
18 found
High confidence · county-verified
Closest comparable
$1.30M
5.0 mi · Jan 2026 · $733/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,103
Tax year 2022
Assessed value
$539,600
Assessed 2024
Previous assessed
$539,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$402,400
Assessed improvement
$137,200
Land market value
$402,400
Improvement market value
$137,200
Total market value
$539,600
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,340 SF
Lot
3.08 ac (134,165 SF)
Zoning code
B1
APN
05-359309
UPID
US40-1058644
Jurisdiction
HOWARD
Zoning & alternative use
B1 · Fulton, MDZoning B1 · permitted uses
B1 · Fulton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1
Jurisdiction
Fulton, MD
Recorded code
B1
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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